Co-organizers
Digital Media Partner
Objectives
  • Enhance the public awareness of the insurance planning/wealth management development and the importance of insurance planning and wealth management;
  • Promote the standards of conduct and best practices for the insurance planning and wealth management professionals;
  • Enhance the competitive edge of the financial professionals in the insurance planning and wealth management sector;
  • Recognize and promote innovation in “Fintech” and “Insurtech” to support Hong Kong’s development in the areas of smart city;
  • Support Hong Kong as the financial center of the region and the world.
Streams and Awards
  • Distinguished Insurance Planning Professional (DIPP) Award
  • Distinguished Wealth Management Professional (DWMP) Award
  • Young Talent (YT) Award
Awards Categories Insurance Planning / Wealth Management Youth Talent

Gold

1 winner per Stream

1 winning group

Silver

3 winner per Stream

1 winning group

Bronze

6 winner per Stream

1 winning group

Merit

To be confirmed

To be confirmed

Best Presenter

1 winner per Stream

1 winning group

Best Proposal

3 winner per Stream

1 winning group

Best Innovation

6 winner per Stream

1 winning group

Best Innovation

1 winner per Corporate

N/A

Target Participants and Value / Benefits
The Award is open to :
  • The Financial Services Practitioners – particularly in the fields of Insurance planning and wealth management;
  • University Students – the full-time students who are currently studying university programs.
The awards are recognitions of the Professionalism, Competence and Excellence of the awardees and their institutions/universities.
Assessment Process
Two Rounds Assessment
Round 1 : Writing Plan Submission
Requirements
  • Submit a customer’s GENUINE written plan based on the assessment criteria;
  • The written plan must be endorsed by candidate’s employer before submission;
  • All personal particulars and information of the customer must NOT be disclosed throughout the award.
Assessment Criteria
Core Criteria
  • Identification of Client’s Current Financial Situation and Protection NEEDS based on ARTUS (Accurate, Relevant, Truth, Updated and Suitable);
  • Ongoing Management and Review of Insurance Protection Coverage;
  • Innovation application and integration of new proven Fintech and Insurtech.
Core Criteria - 50%, Stream Criteria - 50%
Stream Criteria
Insurance Planning
  • Measurement of risks and Challenges faced by the client
  • Suggestion of TOTAL Solutions for Risk Mitigation
Wealth Management / Young Talent
  • Analysis and Assessment of Financial Status
  • Determination of Financial Gaps
  • Development of Wealth Management Solutions and Recommendations
Top 10 of Round 1 Winners
Round 2 : Panel Presentation & Interview
Stream Methodology
Insurance Planning Presentation
Wealth Management Role Play
Youth Talent Presentation or Role Play
Assessment Criteria
  • Rapport Building
  • Effective Presentation & Communication Skills
  • Attitude and Customer – Focused
  • Demonstration of the Financial Knowledge and Competence and/or Product Knowledge in Life Insurance and General Insurance
Timelines
  1. 7 SEP 2019
    Award Kick Off
  2. 9 NOV 2019
    Information Session
  3. 10 JAN 2020
    Enrollment Deadline
  4. 9 MAR 2020
    Round 1 – Written Plan Submission Deadline
  5. 3 APR 2020
    Round 1 – Result Announcement
  6. 9 MAY 2020
    Round 2 – Presentation
  7. JUL 2020 (TBC)
    Presentation Ceremony & Dinner
*Dates are tentative and are subject to changes by the organizers.
Co-organizers & Supporting Organizations
Co-organizers
Digital Media Partner
Media Sponsor
Supporting Organizations
Enquiry
The Secretariat
Insurance Planning and Wealth Management Innovation Award
  • Tel:
    (852) 2151 2618
  • Fax:
    (852) 3585 0707
  • Address:
    Flat 2011-2012, 20/F, CEO Tower, 77 Wing Hong Street, Kowloon